Standard Lithium (CVE:SLI) Trading 13.2% Higher – Time to Buy?

Shares of Standard Lithium Ltd. (CVE:SLI) traded up 13.2% during mid-day trading on Tuesday . The stock traded as high as C$4.99 and last traded at C$4.98. 149,117 shares were traded during trading, a decline of 48% from the average session volume of 288,854 shares. The stock had previously closed at C$4.40.

Standard Lithium Price Performance

The stock has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -20.83 and a beta of 0.73. The company has a 50 day moving average of C$5.86 and a 200 day moving average of C$5.87. The company has a quick ratio of 25.41, a current ratio of 4.17 and a debt-to-equity ratio of 0.17.

About Standard Lithium

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.